Amazon Seals EU Antitrust Truce to Dodge Fines, Boost Rivals
- Agreement covers use of data and access to Buy Box, Prime
- EU settlement lifts threat of fines unless firm breaks deal
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Amazon.com Inc. settled European Union antitrust investigations over how the U.S. ecommerce giant allegedly abused rivals’ sales data to unfairly favor it own products and squeeze out other traders on its platform.
The European Commission said Tuesday it accepted a number of proposals from Amazon, including a vow to stop using non-public data on independent sellers on its marketplace for its competing retail business.